Economy
New Korean ambassador visits Beni Suef, says Korea supports Egypt’s development
September 4, 2020
New Korean ambassador visits Beni Suef, says Korea supports Egypt’s development
The newest Korean Ambassador has made his first visit to Beni Suef on Friday, a hotbed for Egypt-Korea educational and…
Egypt signs $2 bln loan with regional, international banks -statement
September 3, 2020
Egypt signs $2 bln loan with regional, international banks -statement
CAIRO (Reuters) – Egypt signed a two billion dollar conventional and Islamic loan with several international and regional banks in…
Egypt’s economic situation receives international praise: Report
August 30, 2020
Egypt’s economic situation receives international praise: Report
The Ministry of Planning and Economic Development issued a report discussing the opinions of several international institutions on Egypt’s economic…
Egypt seeking self-sufficiency in petroleum during 2022-2023: PM
August 29, 2020
Egypt seeking self-sufficiency in petroleum during 2022-2023: PM
Egyptian Prime Minister Mostafa Madbouly announced Saturday that Egypt is aiming to achieve self-sufficiency in petroleum during fiscal year 2022-2023.…
Coronavirus reduces Egypt’s exports of potatoes: UPEHC
August 23, 2020
Coronavirus reduces Egypt’s exports of potatoes: UPEHC
The head of the Union for Producers and Exporters of Horticultural Crops (UPEHC) Mohamed Heggi announced Saturday that Egypt’s exports…
Egypt among emerging markets most likely to maintain positive GDP outlook: Fitch
August 23, 2020
Egypt among emerging markets most likely to maintain positive GDP outlook: Fitch
Egypt is one of the few major emerging markets to maintain its positive Growth Domestic Product (GDP) outlook despite the…
Unemployment in Egypt up 1.9% in 2nd quarter of 2020 due to COVID-19: CAPMAS
August 18, 2020
Unemployment in Egypt up 1.9% in 2nd quarter of 2020 due to COVID-19: CAPMAS
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the nation’s unemployment rate has increased to a total…
Egypt sells 605.3 mln in Euro-denominated T-bills – central bank
August 18, 2020
Egypt sells 605.3 mln in Euro-denominated T-bills – central bank
Egypt has sold 605.3 million euros in one-year Euro-denominated treasury bills, the central bank said on Monday. The average yield…
Five factors behind the recent decline in gold prices
August 13, 2020
Five factors behind the recent decline in gold prices
Gold prices fell during trading on Tuesday, in the worst daily decline since last March. The spot price fell to…
Europe approves US$100 mn loan to Egypt’s Banque Misr: Minister
August 12, 2020
Europe approves US$100 mn loan to Egypt’s Banque Misr: Minister
The European Bank for Reconstruction and Development (EBRD) has approved support for the Egyptian economy with a US$100 million loan…